Volvo Case Study

Volvo case study

ACC 557

volvo Case Study

Assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior

In my opinion, the current business environment encourages negative ethical behavior. In a business, whether large or small, the main goal is to turn a profit. Most businesses have just one main goal in mind, to increase shareholder value. (Belan, 2011) Businesses, as of late, seem to be not as worried about acting in an ethical manner because it is just not profitable. The business world has rules in place that are suppose to stop bad behavior from occuring within busiensses that run in the United States. These governing rules can be found within the Sarbanes-Oxley Act, which was passed in 2002. (Sarbanes-Oxley Essential Information, 2003) Even with the implementation of a checks and balance system within businesses to cut fraud, fraud is still rampant in the business sector. A recent example of accounting fraud can be found at SinoTech Energy of China. SinoTech has been accussed of lying to investors about the value of the company’s assets and how it used $120 million in proceeds from its initial public offering on the Nasdaq.

Explain how Volvo Car Corporation transforms data into knowledge.

When Volvo began using the cloud, it opened up a new realm, as far as, data storage and retrieval. Data is transferred to a customer's vehicle and back to Volvo using over the air technology. Volvo is able to analyze data received from a customer's vehicle in real-time, which helps Volvo detect errors that may arise. Volvo Car Corporation utilizes their new found data storage capabilities to help boost sales, improve product safety, and enhance customer interaction. (Converting Data, 2011) The data collected from mini computers embedded throughout at...